Metso recently closed the acquisition of an Australia-based wear lining solutions provider WEARX.
The company's sales in the fiscal year 2017 that ended on June 30 were AUS$35 million (€23 million) and it has approximately 140 employees. WEARX’s headquarters is in Newcastle, with operations also in Ballina, Orange and Perth.
"The acquisition is a good strategic fit for Metso, supporting our profitable growth strategy," said Nico Delvaux, President and CEO of Metso.
"Joining forces with WEARX gives us the opportunity to strengthen our position in the wear lining business and extends our offering for our Australian customers. We are very happy to welcome the WEARX team into Metso," he continued.